Patrick M. Byrne (born November 29, 1962) is an American entrepreneur who was the CEO of Overstock.com. In 1999, Byrne launched Overstock.com after leading two smaller companies, including one owned by Warren Buffett’s Berkshire Hathaway. In 2002, Byrne took Overstock.com public. Since its initial public offering, Overstock.com has increased revenue to almost $1.8 billion, while achieving profitability in 2009.
In 2005, Byrne became known for his campaign against illegal naked short selling. Byrne and securities regulators maintained illegal naked shorting had been used in violation of securities law to distort prices of public companies’ stock. Under his direction, Overstock.com filed two lawsuits alleging improper acts by Wall Street firms, a hedge fund, and an independent research firm. In each case the defendants settled with Overstock.com out of court. Continue reading “Entrepreneur: Patrick M. Byrne”
For those not thinking it thru with $OSTK . the @SEC_Enforcement
is after Patrick Byrne and his Pump and Dump, not Overstock. This is not new at all and they should get Patrick, for what he did was wrong and illegal.. It was also years ago so I could frankly care less.
@AlderLaneeggs Gosh, Marc, you keep climbing in the tag cloud at https://stopnakedshortselling.org. What do you do when declassification of white collar criminal communications and banking transactions happen? #WallSteet, #SEC We have it all. Time for you to make the deal.
Payback? SEC Run by Mrs. Peter Strzok Launches Investigation of Overstock Actions When Patrick Byrne Was CEO
ProTrumpNews Staff, 27 February 2021
Former Overstock.com CEO Patrick Byrne was a major player in the effort to investigate the 2020 election irregularities and fraud.
He offered his considerable resources to the Trump team.
He analyzed tons of data. Continue reading “Article: Payback? SEC Run by Mrs. Peter Strzok Launches Investigation of Overstock Actions When Patrick Byrne Was CEO”
Jonathan “JJ” Johnson is an American business executive, currently serving as the CEO for Overstock.com. He was a candidate for the Republican nomination in the 2016 Utah gubernatorial election..
Following his graduation, Johnson worked as a clerk for Utah Supreme Court Justice Leonard H. Russon Continue reading “CEO: Jonathan E. Johnson”
Meet Patrick Byrne: Bitcoin Messiah, CEO of Overstock, Scourge of Wall Street
Cade Metz, WIRED, 18 February 2021
The problem with the modern economy, Byrne says, is that it rests on the whims of our government and our big banks, that each has the power to create money that’s backed by nothing but themselves. Thanks to what’s called fractional reserve banking, a bank can take in $10 in deposits, but then loan out $100. The government can make more dollars at any time, instantly reducing the currency’s value. Eventually, he says, laying down a classic libertarian metaphor, this “magic money tree” will come crashing down.
Continue reading “Article: Meet Patrick Byrne: Bitcoin Messiah, CEO of Overstock, Scourge of Wall Street”
Marketswiki, 02 February 2021
Patrick Byrne is an American entrepreneur. Despite owning a company that is publicly traded on Wall Street, he has been called “The Scourge of Wall Street” for his outspoken criticism of several high-profile individuals in various financial institutions whom he accused of corruption. He is the founder and chief executive officer of Overstock.com, one of the first retailers to begin accepting bitcoin as payment for goods and services. He is also the co-creator of the blockchain platform tZERO.
On August 22, 2019, in a letter to shareholders, Byrne announced his resignation as chief executive officer and member of the board of Overstock.com. Continue reading “Article: Patrick Byrne”
A Tycoon’s Deep-State Conspiracy Dive
Sheelah Kolhatkar, 07 December 2020
In July, 2015, Patrick Byrne, the founder of the online discount retailer Overstock, delivered a twenty-minute talk at FreedomFest, the annual libertarian conference in Las Vegas. Other speakers included the venture capitalist Peter Thiel; John Mackey, the chief executive officer of Whole Foods; and the Presidential candidate Donald J. Trump.
Byrne’s talk, entitled “Turtles All the Way Down: How the Crypto-Revolution Solves Intractable Problems on Wall Street,” was a version of one he had given many times before. It touched on several of his interests, including the kind of liberalism usually referred to as libertarianism, the flaws in the structure of the stock market which make it vulnerable to manipulation, and how a blockchain-based financial system could eliminate those flaws. After the talk, a line of people waited by the stage to speak to Byrne.
Continue reading “Article: A Tycoon’s Deep-State Conspiracy Dive”
Former Overstock.com CEO says he’s funding ‘a team of hackers and cybersleuths’ in an attempt to prove that Trump won the presidential election
JOHN L. DORMAN, 29 November 2020
Former Overstock.com CEO Patrick Byrne said that he’s financing “a team of hackers and cybersleuths” in an attempt to prove that President Donald Trump won the 2020 presidential election, according to The Daily Beast.
Byrne, who stepped down from his position at Overstock last year after admitting to a relationship with a Russian spy, recently went on the One America News Network (OAN), a conservative news outlet and a favored media destination of Trump, to detail what he described as a “rigged” election process. Continue reading “Article: Former Overstock.com CEO says he’s funding ‘a team of hackers and cybersleuths’ in an attempt to prove that Trump won the presidential election”
Patrick Byrne to Increase Focus on tZERO and Digital Securities Exchanges
Joshua Stoner, 12 July 2021
Despite market conditions, there is no shortage of belief in the viability of blockchain. Week after week, partnerships are made, and new products ramp up development. One notable move has taken place just recently. Patrick Byrne has indicated that he will be shifting his priority and focus from Overstock.com to tZERO. This shift will see the sale of the retail side of Overstock.com. The plan is expected to come to fruition by February of 2019, as they line up potential buyers. Continue reading “Article: Patrick Byrne to Increase Focus on tZERO and Digital Securities Exchanges”
Judd Bagley is the Vice President of Marketing at Everise. Prior to his position at Everise, Judd worked as Senior Director of Communications at Netki, Evernym, InsideSales.com and also served as the former Director of Communications at Overstock.com. Prior to that, as Director of Public Relations for Summit Group Communications, one of the largest PR firms in the state of Utah. Bagley studied biology at the University of Utah.
John Maurice O’Quinn (September 4, 1941 – October 29, 2009) was a Texas trial lawyer and founding partner of The O’Quinn Law Firm (formerly known as O’Quinn & Laminack). His firm made its business handling plaintiff’s litigation, including representing clients suing breast implant manufacturers, medical facilities, and tobacco companies. In 2009, O’Quinn, along with his passenger, died in a single car crash in Houston, Texas. There were three class-action law firms, headed by John O’Quinn, pushing back against naked short selling. O’Quinn ‘s firm was one also representing Overstock.com in the Internet retailer’s suit against short seller Rocker Partners LP and research firm Gradient Analytics.
Overstock Reminds Investors, Broker-Dealers of Trading Requirements of Series A-1 Preferred Shares
“It has come to the company’s attention that shares of Series A-1 Preferred Stock are being sold on platforms other than the alternative trading system (ATS), operated by tZERO ATS, LLC,” said Overstock Chief Executive Officer Jonathan Johnson. “These transfers are in violation of the transfer restrictions imposed on the Series A-1 Preferred Stock by the Certificate of Designation. Overstock is considering all options, including legal action, to stop sales of shares of Series A-1 Preferred Stock in violation of the transfer restrictions.”
Read full release.
Comment: The naked short sellers are boxed in — but they are trying hard to dupe naive investors and inattentive pension fund managers into accepting alternatives that are counterfeit — compounding their previous fraud with new fraud. There are probably 30 million counterfeit shares out there, if not more. If the SEC were honest, which it is not, it would be all over this as a pilot project to rapidly nail every naked short seller of Overstock now active.